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Daily News Energy Headlines from November 13, 2017
Scan through a selection of energy-related news highlights that we think will interest our clients.
Released Tuesday, November 14, 2017
News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
FINANCIAL
Shell to Sell Woodside Stake for $2.7 Billion - Royal Dutch Shell (NYSE:RDS-A) on Monday sold its entire stake in Australia's largest independent oil and gas company Woodside Petroleum Limited for $2.7 billion as it pushes ahead with its vast disposal program. (Reuters)
EQT Completes Acquisition of Rice Energy - EQT Corporation (NYSE:EQT) on Monday announced that it completed its acquisition of Rice Energy Incorporated. The two companies are producers in the Appalachian Basin. (Business Wire)
CRUDE OIL
OPEC Lifts Crude Oil Demand Forecast - OPEC said the world would need 33.42 million barrels per day (BBL/d) of OPEC crude next year, up 360,000 BBL/d from its previous forecast and marking the fourth consecutive monthly increase in the projection from its first estimate made in July. (Reuters)
NATURAL GAS
U.S. Natural Gas Prices Spike - Winter hasn't even begun and natural gas is already spiking. Prices jumped sharply last week, as fundamental concerns about an arctic blast and future winter weather squeezed shorts. They are likely to rise further through the end of the year and into 2018. (Bloomberg)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at https://www.industrialinfo.com.
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